BADM FINAL Race to the Bottom
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Discuss the race to the bottom 3
Governments are given increased incentive to cut labor standards, business regulations, business taxes, and environmental standards when the competition over a specific sector of production and/or trade becomes intense between different geographic areas.
Discuss the race to the bottom 2
It is a social economic theory that is occurs between countries, states, territories, and etc. as a consequence or result of globalization.
Discuss the race to the bottom 1
The term "race to the bottom" refers to the phrase most commonly used by fair trade supporters and anti-globalization activists.